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The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area

  • Sandra Gomes
  • P. Jacquinot
  • M. Pisani

Building on the New Area Wide Model, we develop a 4-region macroeconomic model of the euro area and the world economy. The model (EAGLE, Euro Area and Global Economy model) is microfounded and designed for conducting quantitative policy analysis of macroeconomic interdependence across regions belonging to the euro area and between euro area regions and the world economy. Simulation analysis shows the transmission mechanism of region-specific or common shocks, originating in the euro area and abroad.

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File URL: http://www.bportugal.pt/en-US/BdP%20Publications%20Research/wp201006.pdf
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Paper provided by Banco de Portugal, Economics and Research Department in its series Working Papers with number w201006.

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Date of creation: 2010
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Handle: RePEc:ptu:wpaper:w201006
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  1. Rene Lalonde & Dirk Muir, 2007. "The Bank of Canada's Version of the Global Economy Model (BoC-GEM)," Technical Reports 98, Bank of Canada.
  2. Sébastien Jean & Giuseppe Nicoletti, 2002. "Product Market Regulation and Wage Premia in Europe and North America: An Empirical Investigation," OECD Economics Department Working Papers 318, OECD Publishing.
  3. Sandra Gomes & Pascal Jacquinot & Massimiliano Pisani, 2010. "The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area," Temi di discussione (Economic working papers) 770, Bank of Italy, Economic Research and International Relations Area.
  4. Sandra Gomes & P. Jacquinot & M. Mohr & M. Pisani, 2011. "Structural reforms and macroeconomic performance in the euro area countries: a model-based assessment," Working Papers w201113, Banco de Portugal, Economics and Research Department.
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  12. Christopher J. Erceg & Luca Guerrieri & Christopher Gust, 2006. "SIGMA: A New Open Economy Model for Policy Analysis," International Journal of Central Banking, International Journal of Central Banking, vol. 2(1), March.
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  25. Coenen, Günter & McAdam, Peter & Straub, Roland, 2008. "Tax reform and labour-market performance in the euro area: A simulation-based analysis using the New Area-Wide Model," Journal of Economic Dynamics and Control, Elsevier, vol. 32(8), pages 2543-2583, August.
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  28. repec:fth:harver:1435 is not listed on IDEAS
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